XML 33 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Revenue Disaggregated by Type

 

  

Three Months Ended

September 30

  

Nine Months Ended

September 30,

 
   2021   2020   2021   2020 
Systems  $3,541,360   $2,953,005   $8,830,052   $2,965,774 
Disposables, service and accessories   5,318,562    5,504,048    17,210,790    16,099,915 
Sublease   246,530    246,530    739,590    739,590 
Total revenue  $9,106,452   $8,703,583   $26,780,432   $19,805,279 
Summary of Contract Assets and Liabilities

The following information summarizes the Company’s contract assets and liabilities:

 

   September 30, 2021   December 31, 2020 
Contract Assets - unbilled receivables  $444,277   $284,415 
           
Customer deposits  $1,400,000   $- 
Product shipped, revenue deferred   1,348,458    645,200 
Deferred service and license fees   5,733,079    5,186,485 
Total deferred revenue  $8,481,537   $5,831,685 
Less: Long-term deferred revenue   (1,793,298)   (548,915)
Total current deferred revenue  $6,688,239   $5,282,770 

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS:

 

     2021 2020     2021 2020 
  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
   2021   2020   2021   2020 
Net loss  $(4,618,559)  $(1,572,972)  $(7,361,354)  $(5,465,609)
Cumulative dividend on Series A Convertible Preferred Stock   (338,718)   (343,101)   (1,006,466)   (1,028,950)
Net loss attributable to common stockholders  $(4,957,277)  $(1,916,073)  $(8,367,820)  $(6,494,559)
                     
Weighted average number of common shares and equivalents:   75,700,389    74,488,771    75,476,381    72,004,956 
Basic EPS  $(0.07)  $(0.03)  $(0.11)  $(0.09)
Diluted EPS  $(0.07)  $(0.03)  $(0.11)  $(0.09)